Dow Jones DJIAAfter the index broke the secondary ascending trend channel, DJIA began to move sideways in the primary up-trend channel. Eventually, DJIA will test the support level at 21660 again.
Dowjonesanalysis
Dow Jones Long SetupHello Guys,
We hope your trading week is successful so far.
I have a short term long setup for you guys in the Dow Jones future.
If the market stays below 22034 i like to buy it at around 21866 with a stop loss below 21685 and an initial target of 22229.
I will only buy the market at 21866 when it stays below the high of 22034, if it breaks that high without reaching our entry level we will delete the setup. I will update you here. WE ONLY LIKE TO BUY WE DONT ADVISE TO SELL!
Hope that helps and trade safely
DOWJONES DAILY OUTLOOK
LOOKING FOR SOME CORRECTION AT THE ZONE BETWEEN 21680-21500
OR BREAK UP THE TOP FOR TODAY WITH CLOSE
TARGETS LEVELS : 21935 - 22100 - 22427 ..
Has the Dow Recovered?To me this is pretty simple, the Dow was provided with support by the 50 Moving Average and appreciating, but the Coppock curve is still negative so I would wait till the 20,700 make to buy. Also the ADX Green Line has finally crossed over representing a new trend change. So I would buy until the Trendline resistance.
Update on Dow Jones: expect correction lowerThis is an update on this earlier forecast from 28-01-2017:
We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted.
See snapshot below:
It looks like the Dow Jones is topping.
Notice how (on balance) volume and price start to diverge. This is a clear sign of weakness.
The previous analysis is still valid: Expect a notable correction in the days ahead. First target is 19275.
DJI @ 15min @ 1st bearish signals (2weeks) since trump elected ?This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
